Seismograph by Cryptograph Club

Liquidation wave · Closed

$14.9M on-chain liquidation wave, 13 Nov 2025

Magnitude M 4.2 on-chain, scale v1
Liquidated $14.9M USD at the block
Busiest hour $8.0M to 13 Nov 2025, 18:55 UTC

Liquidations on Morpho Blue, GMX v2, Compound v3, Aave v3 and Spark (Ethereum, Base and Arbitrum) totalled $14.9M between 17:50 and 20:25 UTC on 13 Nov 2025. The busiest hour saw $8.0M. 441 positions were liquidated.

Timeline

$0$2.0M$4.0M$6.0M13 Nov 16:50–16:55 UTC: $159K16:5013 Nov 16:55–17:00 UTC: $335K13 Nov 17:00–17:05 UTC: $71K13 Nov 17:05–17:10 UTC: $127K13 Nov 17:10–17:15 UTC: $106K13 Nov 17:15–17:20 UTC: $34K13 Nov 17:20–17:25 UTC: $11K13 Nov 17:25–17:30 UTC: $5K17:2513 Nov 17:30–17:35 UTC: $38K13 Nov 17:35–17:40 UTC: $205K13 Nov 17:40–17:45 UTC: $38K13 Nov 17:45–17:50 UTC: $5K13 Nov 17:50–17:55 UTC: $121K13 Nov 17:55–18:00 UTC: $152K13 Nov 18:00–18:05 UTC: $60K18:0013 Nov 18:05–18:10 UTC: $32K13 Nov 18:10–18:15 UTC: $644K13 Nov 18:15–18:20 UTC: $534K13 Nov 18:20–18:25 UTC: $013 Nov 18:25–18:30 UTC: $3.2M13 Nov 18:30–18:35 UTC: $475K13 Nov 18:35–18:40 UTC: $2.4M18:3513 Nov 18:40–18:45 UTC: $013 Nov 18:45–18:50 UTC: $11K13 Nov 18:50–18:55 UTC: $504K13 Nov 18:55–19:00 UTC: $67113 Nov 19:00–19:05 UTC: $71513 Nov 19:05–19:10 UTC: $80K13 Nov 19:10–19:15 UTC: $1K19:1013 Nov 19:15–19:20 UTC: $18K13 Nov 19:20–19:25 UTC: $10K13 Nov 19:25–19:30 UTC: $6K13 Nov 19:30–19:35 UTC: $14213 Nov 19:35–19:40 UTC: $31K13 Nov 19:40–19:45 UTC: $4K13 Nov 19:45–19:50 UTC: $94719:4513 Nov 19:50–19:55 UTC: $27213 Nov 19:55–20:00 UTC: $547K13 Nov 20:00–20:05 UTC: $94K13 Nov 20:05–20:10 UTC: $4.4M13 Nov 20:10–20:15 UTC: $013 Nov 20:15–20:20 UTC: $1.4M13 Nov 20:20–20:25 UTC: $131K20:2013 Nov 20:25–20:30 UTC: $13K13 Nov 20:30–20:35 UTC: $213 Nov 20:35–20:40 UTC: $013 Nov 20:40–20:45 UTC: $1K13 Nov 20:45–20:50 UTC: $10K13 Nov 20:50–20:55 UTC: $5K13 Nov 20:55–21:00 UTC: $2120:5513 Nov 21:00–21:05 UTC: $213 Nov 21:05–21:10 UTC: $4013 Nov 21:10–21:15 UTC: $2713 Nov 21:15–21:20 UTC: $1K13 Nov 21:20–21:25 UTC: $47K

All covered venues, with an hour before and after the wave for comparison.

Facts

Started
13 Nov 2025, 17:50 UTC
Peak
5 minutes from 13 Nov 2025, 20:05 UTC
Ended
13 Nov 2025, 20:25 UTC
Duration
2 h 35 min
Positions liquidated
441 (442 liquidation events)
Normal level
Median hourly total $38K, 95th percentile $1.8M, over the 30 days before the day it started
Coverage
On-chain DeFi venues only; verified automatically from the blockchain
By venue
ValuedShare
Morpho Blue$10.3M70%
GMX v2$2.1M14%
Compound v3$1.2M8%
Aave v3$1.0M7%
Spark$102K<1%
By chain
ValuedShare
Ethereum$6.5M44%
Base$5.9M40%
Arbitrum$2.5M17%
By asset
ValuedShare
Bitcoin$12.8M86%
Ethereum$1.3M9%
Other$761K5%
Stablecoins$128<1%

Sources

The largest transactions in the wave, on the chain's block explorer
TransactionVenueValue
0xe6562d0a…59cf91 Morpho Blue (Ethereum) $3.1M
0x2778a527…b9a6d2 Morpho Blue (Base) $1.1M
0xa7ece198…ba2ba2 Morpho Blue (Base) $999K
0x7aea9446…5b435d Morpho Blue (Base) $970K
0xe56abd9c…5e0697 Morpho Blue (Ethereum) $719K
0xae50acf6…96bd9a Compound v3 (Ethereum) $578K
0xc11cb96f…920f0a Compound v3 (Ethereum) $555K
0x618bd1d0…575720 Morpho Blue (Base) $549K
0x5ee08d3b…6cfa46 Morpho Blue (Base) $520K
0x889dd8d1…82714b Morpho Blue (Base) $472K

Values are in USD at the block of each liquidation, from on-chain prices. On-chain liquidation magnitudes measure DeFi venues only and are not yet comparable with hack or depeg magnitudes. Methodology · The magnitude scale